In 2022, a platform for creating decentralized applications (dApps) will appear in the Cardano ecosystem. The developers are also preparing a number of proposals to improve the network, which will be submitted to the community for consideration, said Charles Hoskinson, founder of IOHK (Input Output Hong Kong).
Thus, according to Hoskinson, the main goal for the second half of 2022 is to integrate “end-to-end microfinance transactions” into Cardano.
He also noted that IOHK will form “a formal open-source project structure”, for example, Hyperledger Fabric from Linux Foundation. In his opinion, this will attract more institutional capital to the ecosystem.
Peer-to-peer transactions will make the ecosystem more decentralized
Moreover, Hoskinson drew attention to Cardano Improvement Proposals (CIPs), which the developers prepared. Among other initiatives, he named a web wallet for interacting with decentralized finance (DeFi) protocols.
In addition, the head of IOHK said that some CIPs are already running in the test network. He cited peer-to-peer transactions as an example. The latter will make the ecosystem more decentralized. Since validators will be able to “communicate” directly with each other.
On December 28, Hoskinson released another video in which he announced that over 175 projects are being developed on the basis of Cardano. More than 12 of them will launch in the first quarter of 2022.
Developers will present improvements for Plutus smart contracts
“Decentralized exchanges are already working in the test network. They are also in the mainnet – there is a lot of competition there,” he added.
Hoskinson stated that the first half of 2022 will be extremely important for the commercialization of the use of Cardano. According to him, in February, developers will present improvements for Plutus smart contracts. The hard fork may take place as early as June.
Recall that in September 2021, IOHK activated the Alonzo update, which allowed the deployment of Plutus smart contracts in the main Cardano network.